Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders equity item as a percent of the total liabilities and stockholders equity.
Extracted text: Instructions Balance Sheet Instructions Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow. Current Year Previous Year 2 Current assets $1,742,000.00 $1,302,000.00 3 Property, plant, and equipment 4,087,000.00 4,216,000.00 4Intangible assets 871,000.00 682,000,00 5 Current liabilities 1,139,000.00 1,116,000.00 4 Long-term liabilities 1,742,000.00 1,984,000.00 7 Common stock 670,000.00 682,000.00 Retained earnings 3,149,000.00 2,418,000.00 Check My Work 3 more Check My Work uses remaining. Previous Next 2V10:2